Latest Nissan Motor Co Ltd News

China's June auto sales fall, extending year-old decline

Jul. 10, 2019 12:59 PM EDT

BEIJING (AP) — China's auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending an unexpectedly painful downturn for automakers that are spending heavily to develop electric cars. Drivers in the global industry's biggest market bought 1.7 million SUVs, sedans...

Nissan ex-chair Ghosn cancels news conference in Tokyo

Jun. 28, 2019 5:04 AM EDT

TOKYO (AP) — Former Nissan Chairman Carlos Ghosn canceled his news conference planned for Friday within hours of its announcement, citing opposition from his family and media adviser. It would have been his first such appearance since he was arrested in November on financial misconduct allegations, and...

Nissan governance steps, board win shareholders' approval

Jun. 25, 2019 3:12 AM EDT

YOKOHAMA, Japan (AP) — Scandal-battered Nissan won its shareholders' approval Tuesday for a new system of committees to oversee governance and for keeping Chief Executive Hiroto Saikawa on its board. The Japanese automaker's profits and dividends have tumbled amid a high-profile scandal involving its...

Mitsubishi Motors shareholders approve ouster of Ghosn

Jun. 21, 2019 9:52 AM EDT

TOKYO (AP) — Mitsubishi Motors Corp. shareholders approved on Friday the ouster of Carlos Ghosn, who was pivotal in the Japanese automaker's three-way partnership with Nissan and Renault until he was arrested on financial misconduct charges last year. The vote took place in a 2-hour general meeting of...

Renault chief frustrated by French state over botched merger

Jun. 12, 2019 1:40 PM EDT

PARIS (AP) — Renault's chairman on Wednesday expressed his frustration with the French government for resisting a merger deal proposed by rival carmaker Fiat Chrysler, and at a critical time — ahead of what he views as a coming "tsunami" from China's auto industry. Jean-Dominique Senard told a...

Proxy companies advise shareholders against Nissan's Saikawa

Jun. 12, 2019 4:48 AM EDT

TOKYO (AP) — Two investor research companies are advising Nissan shareholders to turn down a proposal to reappoint the automaker's chief executive, Hiroto Saikawa, as a board director, citing possible oversight problems at the Japanese automaker after the arrest of his predecessor Carlos Ghosn. A corporate...

France's Le Maire hopes to fortify Renault-Nissan alliance

Jun. 9, 2019 8:04 AM EDT

FUKUOKA, Japan (AP) — The French government's priority as a shareholder in automaker Renault SA is to fortify its alliance with Japan's Nissan, France's finance minister, Bruno Le Maire, said Sunday. Protecting jobs and Renault's factories and technology is the top concern given the government's 15% stake...

No-say Nissan had tech that drove Fiat Chrysler-Renault idea

Jun. 7, 2019 3:08 AM EDT

TOKYO (AP) — Nissan wasn't consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker's reluctance to go along may have helped bring about the surprise collapse of the talks. While Nissan Motor Co. had a weaker bargaining position from the start,...

Renault's FCA merger move leaves partner Nissan in the cold

Jun. 4, 2019 1:51 PM EDT

TOKYO (AP) — Some Japanese are using an old expression to describe how Nissan was left out of talks that led to the proposed merger between its French alliance partner Renault and Fiat Chrysler Automobiles: "kaya no soto." That translates to "outside the mosquito net," or the unlucky person outside the...

Lawyer for former Nissan chairman Ghosn slams bail limits

Jun. 1, 2019 5:54 AM EDT

TOKYO (AP) — The lawyer for Nissan's former chairman Carlos Ghosn on Saturday criticized a bail condition that prevents his client from seeing his wife, as Ghosn awaits trial on financial misconduct charges. A judge has forbidden Ghosn from seeing his wife, Carole, including in the presence of lawyers, or...